At 108.58 Dollar/Yen down to its lowest value in 5 weeks .
USD/JPY remains in the 108.8 range after starting the week at 109.76 and dropping 95 pips. (Trade Yen with FXTM now).
On the flip side, positive data for Yen released earlier when data for United States Building Permits released today at 12:30 PM came out at 1.77 million, beating projections of 1.75 million and showing improvement over the preceding figure of 1.72 million. United States Retail Sales came out at 9.8, above the estimate of 5.9. This is also a step forward from the previous data of -2.7.
In the meantime, negative performances are also seen in other symbols, GBP/NZD made its largest weekly gain of 285 pips (0.75%) since December 2020. GBP/CAD fell to 1.697, hitting a 4 month low.
However, positive performance can be seen looking at other symbols, as new year year high for Euro/Yen at 130.63. The New-Zealand Dollar made its largest weekly gain of 105 pips(0.34%) since November 2020. EUR/NZD hit 1.6984, highest rate in 2 months.